Strong resistance on the Kiwi around the 0.7500 level

The New Zealand Dollar tried to strengthen today versus the US Dollar, but once it got to the 0.7500 level, it stopped there and tried to bounce to the downside. On the 4 hour chart we can see that the pair has been in a well-defined bearish channel and it has not been able to break away from this channel. We can also see that the 55 period EMA (purple line) has crossed below the 200 period EMA (blue line), indicating a possible continuation of the bearish trend. Therefore, we must be attentive during next week and see if there is another visit to the 0.7400 level.